Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa

Arora, Vivek B.; Bhundia, Ashok

doi:10.5089/9781451858976.001

Cited by 26 publications

(32 citation statements)

References 11 publications

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“…However, the results are in support of other international findings (Aschauer, 1989;Munnell, 1992;Lau and Sin, 1997;Arora & Bhundia, 2003) which state that investments have a positive impact to economic growth.…”

Section: Vecm Resultssupporting

confidence: 86%

Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

Cheteni

2013

MJSS

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Section: Vecm Resultssupporting

confidence: 86%

Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

Cheteni

2013

MJSS

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“…Examples of these include: Kaseeram, Nicola and Mainardi (2004), Burger and Marinkov (2006), Geldenhuys and Marinkov (2006), Woglom (2005), Knedlik (2006), 2 Examples include: Smit and Burrows (2002), Arora and Bhundia (2003), Du Toit and Moolman (2003), Akinboade (2005), and Du Toit, Van Eyden and Ground (2006) and Fedderke and Schaling (2005).…”

Section: Literaturementioning

confidence: 99%

Identifying Aggregate Supply and Demand Shocks in South Africa

Plessis

Smit

Sturzenegger

2008

Journal of African Economies

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This paper uses a structural VAR methodology to identify aggregate demand and supply shocks to real output for the South African economy. Demand shocks, in turn, are separated into fiscal and monetary shocks. The model is estimated with quarterly data over two overlapping samples: 1960Q2-2006Q4 and 1983Q4-2006Q4. The identified (structural) shocks were used in a historical decomposition to split output into a measure of potential output (resulting from the evolution of supply shocks) and a measure of the business cycle (the gap between actual and potential output). This measure of potential output suggests a significant decline relative to trend in the years prior to the political transition of 1994 and a swift reversal thereafter. The paper presents evidence from three sources to support its identification of aggregate supply and demand shocks. These sources are the following: theory consistent impulse response functions; a close match between the implied measure of the business cycle and independent information about the South African business cycle; and a demonstration of the close match between the identified series of aggregate supply shocks and important historical events in the decades prior to and following 1994 that have been identified by economic historians as important shocks to the South African economy. JEL Codes: C25; C41; E32

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“…(Klein, Aaron, & Hadjimichael, 2000:3-4 Research and development (R&D) induces productivity but has not played a major role in South Africa and Thailand (Arora &Bhundia, 2003:9 andDiao et al, 2005). Braunstein (2000) and Edwards and Golub (2003:29) associate quality education with enhanced labour-force productivity.…”

Section: Determinants Of Total Factor Productivity (Tfp)mentioning

confidence: 99%

“…Since 2000, significant positive changes have taken place in the economy. For example, Arora and Bhundia (2003) attribute the revival in growth in South Africa since 1994 to total factor productivity (TFP) growth and not to growth in factor inputs. Edward and Golab (2003) report increased exports in South Africa to have emanated from rise in relative productivity.…”

Section: Introductionmentioning

confidence: 99%

The general equilibrium effects of a productivity increase on the economy and gender in South Africa

Kinyondo

Chitiga-Mabugu

2011

SAJEMS

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This study utilises a computable general equilibrium model to examine the effects of economywide (SIM 1) and partial (SIM 2) productivity increases on the economy, gender employment, wages, income and welfare in South Africa. SIM 1 results in 'output' led employment demand and increased earnings for all skill types of men and women. Skilled men benefit more than others in most sectors. Under SIM 2, productivity has a negative employment impact in the selected sectors, on all skills mostly in labour-intensive sectors. In general, productivity improves households' welfare due to reduced commodity prices and improved earnings. If productivity rises only in men-intensive sectors, men's wages rise while raising productivity in only women-intensive sectors affect women negatively.

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Potential Output and total Factor Productivity Growth in Post-Apartheid South Africa

Cited by 26 publications

References 11 publications

Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

Transport Infrastructure Investment and Transport Sector Productivity on Economic Growth in South Africa (1975-2011)

Identifying Aggregate Supply and Demand Shocks in South Africa

The general equilibrium effects of a productivity increase on the economy and gender in South Africa

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